Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Aster−0.057%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1131.126% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.057%, 7d avg −0.031%

Together, before fees+0.054%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.027% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MONUSDT	0.02560	0.0100	pay 0.0050% / 4h	1h 02m	$108K	$231K	10x
Short	Binance MONUSDT	0.02559	0.0100	get 0.0050% / 4h	1h 02m	$24.4M	$24.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BinancebpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.031%: −$2.66
Slippage, 4 orders: −$94.57
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$115.24
Costs to cover: 1.126%
Break-even: never at this rate

Slippage from Aster: live order book, 14 min ago; Binance: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 14 min ago	15.52 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.95 bp	14.7 bp −$15	61.7 bp −$617	306.3 bp −$30.6K	doesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	−0.0068%	8h	0.02556	−0.153%	$21.1M	$11.9M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.577%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02561	+0.050%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02562	+0.054%	$128K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02561	+0.015%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0032%	1h	0.02563	+0.107%	$2K	$74K	10x	as long as short
01 Exchange MONUSD	+0.0048%	1h	0.02559	−0.051%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02559	−0.047%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0089%	8h	0.02558	−0.095%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02560	−0.008%	$854K	$784K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02561	+0.042%	$34.6M	$7.5M	5x	as long as short
Aster MONUSDTlong	+0.0100%	4h	0.02560	long leg	$108K	$231K	10x
dYdX MON-USD	+0.0100%	1h	0.02560	−0.021%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02560	−0.016%	$141K	$104K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02559	−0.057%	$24.4M	$24.9M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02557	−0.126%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02569	+0.326%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02559	−0.047%	$990K	$879K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02560	−0.008%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02559	−0.036%	$127K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02553	−0.276%	$770K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02557	−0.107%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02559	−0.047%	$574K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02553	−0.282%	$68K	$482K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02562	+0.072%	$389K	$543K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02560	−0.008%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02561	+0.044%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02560	−0.008%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0175%	1h	0.02564	+0.146%	$269K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02560	−0.024%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0268%	4h	0.02563	+0.109%	$3.0M	$707K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02563	+0.109%	$1.4M	$306K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02565	+0.179%	$113K	$50K	50x	as long as short